Vanguard Group Inc. boosted its position in Dupont Fabros Technology Inc. (NYSE:DFT) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,682,278 shares of the real estate investment trust’s stock after buying an additional 846,555 shares during the period. Vanguard Group Inc. owned approximately 16.86% of Dupont Fabros Technology worth $602,915,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DFT. BNP Paribas Arbitrage SA increased its position in Dupont Fabros Technology by 6,944.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,311 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 3,264 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Dupont Fabros Technology during the first quarter worth approximately $162,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dupont Fabros Technology by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 307 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Dupont Fabros Technology during the first quarter worth approximately $219,000. Finally, Hancock Holding Co. acquired a new stake in shares of Dupont Fabros Technology during the second quarter worth approximately $237,000. 98.13% of the stock is currently owned by institutional investors and hedge funds.
Dupont Fabros Technology Inc. (NYSE:DFT) traded down 0.74% during trading on Friday, hitting $41.48. The stock had a trading volume of 84,776 shares. Dupont Fabros Technology Inc. has a 52-week low of $25.88 and a 52-week high of $48.97. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 10370.00 and a beta of 0.73. The company has a 50-day moving average price of $43.64 and a 200-day moving average price of $43.67.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. Dupont Fabros Technology had a net margin of 7.67% and a return on equity of 20.26%. The business had revenue of $128.54 million for the quarter, compared to the consensus estimate of $127.15 million. During the same period in the previous year, the firm earned $0.62 EPS. The company’s revenue was up 12.9% on a year-over-year basis. Equities research analysts forecast that Dupont Fabros Technology Inc. will post $2.78 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, October 7th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, October 5th. Dupont Fabros Technology’s dividend payout ratio is currently -2,349.71%.
A number of analysts recently commented on the company. Citigroup Inc. increased their price target on Dupont Fabros Technology from $43.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Zacks Investment Research downgraded Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. SunTrust Banks Inc. assumed coverage on Dupont Fabros Technology in a research report on Thursday, July 21st. They set a “buy” rating and a $55.00 price target for the company. Barclays PLC reaffirmed an “overweight” rating and set a $49.00 price target (up from $48.00) on shares of Dupont Fabros Technology in a research report on Friday, June 17th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $49.00 price target (up from $46.00) on shares of Dupont Fabros Technology in a research report on Thursday, August 11th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $46.20.
Dupont Fabros Technology Company Profile
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company is a self-administered and self-managed company that owns, acquires, develops and operates wholesale data centers. The Company’s customers outsource their applications, and include national and international enterprises across various industries, such as technology, Internet content providers, media, communications, cloud providers, healthcare and financial services.
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